SERIOUS THOUGHTS ABOUT TODAY'S PR!!!!
Ok, after cooling off from the bloodbath today.. Yes it was a bloodbath for longs. I'll admit it.. I'm not going to sugar coat anything one bit! However, it was an absolute beautiful opportunity to either take an amazing entry or to add shares.
I'm still trying to figure out the bloodbath and why it occurred and thought it strange how this has been (what appears strategically) pushed down to these levels over the last few days. We were on the brink of a Golden Cross but either the bears or soon to be bulls on parade crew knew that- and did everything to take this to where it got taken.
Ok, enough of that.. Here are my thoughts about today's PR
I think the general public here (iHub) may of looked at this PR and immediately thought.. "Ugghhhhhhh, I've seen this before.. this is fluff.. they are telling us 12 weeks again blah blah" and possibly sold.
And they were selling with the domino effect of selling because people follow the trend of what everyone else was doing RIGHT? PSYCHOLOGY .. not to mention there was definitely a note here today.. Hopefully they are done. Or maybe it was Pre Arranged Buys thus why the push down to these levels: Isn't it better and easier to accumulate many many millions of shares at .0015-.0017 that at .0024-.00?
Today, Fear was created and crushed the weak out of shares.. While IMVHO, some big boys were loading the hell out of that fear. Trading is psychological.. today we saw domino effect selling.. if it "appears" everyone else is selling and appears they don't like this news.. then I will too.. not to mention we do have shorts here.. Yes Penny Stocks like this get shorted.. It's not the typical trader who can do it but anyways....
But after all the dust clears and you really read the PR and read between the lines.. You actually see a lot being said that is very positive, new, and to look forward too: Let it sink in...
1) They Officially Announced that the Product will be on Shelves in 12 weeks
2) That they have multiple individuals and companies to announce whom are distributing their device (THIS IS HUGE IMO.. WHO ARE THESE PPL)
3) This means that once the product is done manufacturing, we already have it ready to be distributed into stores.. and what stores are these?
A lot is being said in a brief update and lot more is being said for the future. The company has crossed off another box on it's list of things it said it was going to do:
- Tooling and Manufacturing Begins
News 
Market Data 
Discover 
